Member Info for JasonCrowe

It is positive Xeros has got more funding and potentially more to go from retail even if that wont be from me! The answer to how much of this will go on WC must be a enormous amount if they have next to no revenue coming in? Has this raise and the warrants bought nothing but a little time to keep doing more of the same rather than being an investment in actual progress? I am sure investors would want to keep the lights on longer if the alternative was a collapse of the company but only if there was still some chance of success.

Month after month the fundamental issues still seem to be the same.

We have seen no commercial progress since May 2023. None at all. Looking over the RNS is embarrassing after this time. Discussions just dont count anymore. They were having them six months ago and nothing has happened? Do they have a closing problem? Elaborate on where they are in these discussions.

They say they have significant licence agreements in place but they arent converting to products in the market even years later. Do they have a technology verification or manufacture implementation problem?

Both of these can be fixed by strong leadership and ownership. I am looking forward to being blown away by the CEO and CFOs performance at the full year presentation. Confident sounding fluff wont work. Facts, data and realistic plans with clear routes to milestones. Like how you will be at breakeven in 6 months by any means other than slashing costs so much that you cannot close deals or implement a thing.

I think DD77 is right. It really looks like they have a bad combination of problems. Sliding cash unless they have Qualus money coming in. No visible implementation progress on the licences they have and no new partners since May 2023. You cant even buy their filter anywhere yet.

Other than there marketing director no C suite are visible in the market. Who is owning this? Compare Adam Root at Matter.

What are they actually doing? There CEO and CCO need to announce not discussions but deals very soon if any confidence is to be built surely?

Continuing saying nothing. Brave of Mr Tristam to take the FD role considering.

Maybe so but it is amazing if the CEO and CFO really didnt take up there warrants even then. What does that tell licence customers or investors or staff?

If that is true what does that say?

Https://www.qualus.com/news/

Thats fair but they could have license income or even loan repayments from the leather tanning business? Dont know how much that would be or how long that would buy them though.

Still cant see any commercial progress at all. They have a big team. What are they achieving?

Did the CEO or CFO put any money in? Cant tell.

Thats a good point. Would like to see some commercial progress though.

How would you know they only have 3 month cash left?

£1.68 mil more cash is good even if less than half the warrants were exercised. Let's see them use it now!

Xeros really is a mystery. With a day to go they will have raised maybe a few hundred thousand from the warrants? I cant really tell. No news on whether the CEO backed himself with his warrants like the Chairman. At a guess they will have enough for a few months of operations with there cash burn. Are they expecting commercial income soon from the leather tanning company or one of there other customers or will there need to be a raise this year? They look good and regular on marketing activity but the opposite on everything else. Still nothing commercial signed since May 2023 and from that deal the yilmack website shows no Xeros machine more than 7 months later. IFB have a Xeros machine on theres but not the household one. No video of a working prototype of there filter. Is it a worry if they begin to be low on cash what good staff they have will begin to go if they havent already? Can they even deliver there current licence obligations? What is staff morale really like? There C suite externally to the market are a black hole when you would expect them to be pushing their message hard. Why is that? What is happening? Why should I invest?

With time running out on the warrants.

Has the CEO exercised his warrants yet? Are there any commercial wins?

Positive action by the Chairman. It will be telling if the CEO does or does not do the same.

Thanks D-Geeman. My mistake. If they have good or bad news they have to release it straight away I think? They can't chose the time of the release of there news. Any idea of there cash now? Low take up of the warrants at a discount in the next week might not be a very good sign for another fund raise this year unless there are some headline commercial wins? Maybe they have something really big they are working on and just need to limp along for a while?

Half way through january and the warrants have to be exercised in the next two weeks. No commercial news from xeros but hopefully we will see some in that time. A major new licensee would be positive as they have signed nothing since May 2023. IFB launching there xeros washing machine is long overdue. Will that even happen? They didnt go to ces last week but there two major filter competitors did. Has anyone seen a working prototype of their outside washing machine filter yet? They need a big commercial result and the chairman and ceo have to back themselves on there warrants if they want to convince anyone surely?

Yes it does make you wonder what is happening. They are leaving it very late for a fundraise which only makes sense if they are finding convincing their current investors to invest again hard but with their pathetic market cap they could be a target to go private I suppose if someone wanted to buy them for pennies on the pound. Microfiber legislation isnt helping them and IFB still havent launched their machine so unless something else is happening there is no reason for the rise. They look like they have stalled commercially. No new partners announced for months and the filter they launched at IFA doesn't look as good as Samsungs and that one doesnt have the cost of a motor. Have they just run out of steam or ideas? Not feeling confident about sticking any of my money in right now.